Legal Attorney
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...hould adopt a positive approach towards the policies of the government of the country. They should pay all taxes and dues in time to the gqvernment. All business activity should be carried within the legal frame work of the country.(v) Use of national resources The business should use the national resources in the best interest of the country. Wastage should be reduced to the maximum. The motto sh.... More >>
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Mediation miami forum for open speaking
...st situations. Accordingly they will be able to handle each and every client and once they reach an agreement, all the relevant papers are moved to the court of law. In fact the parties are signing a legal agreement in front of mediator stating that they will agree with the rules and regulations stated in the agreement..... More >>
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Importance of business in the present day world
...cilitate in the production and distribution of goods to the customer& The major services which arc growing in importance with each passing year are banking and finance, insurance, medical and health] Legal, engineering and other professionals, hotS, domestic servants, education, automobile repairs. etc., etc, the services which perform simple or difficult tasks for earning money are regarded an im.... More >>
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Sole proprietorship and its characteristics
...r is personally liable for debts of the business. The creditor can lay claim not only on his business assets but also his persona! Property such as car, houses, furniture etc to recover the loan. (6) Legal status In law, the sole trader and his business are considered as one, In other words, all the assets and liabilities of the business are the personal assets and liabilities of the proprietor. W.... More >>
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Salient features or characteristics of partnership
...n a business, with a private gain, then partnership is formed (10 in case of banking business). To avoid misunderstanding, it is desirable that the articles of partnership be prepared in writing with legal assistance. The articles of partnership should cover the rights, duties, obligations and the arrangements which the parties have mutually agreed upon. t is not binding for partnership to be regi.... More >>
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Merits and demerits of partnership form of organization
...n merits claimed of partnership organization are as follows. Advantages of Partnership 1. Easy to Form The partnership, like the sole proprietorship, can be easily organized. There are no complicated legal formalities involved in the establishment of partnership business. The partners enter into a partnership agreement and start business. 2. Favourable Credit Standing The partnership enjoys a bett.... More >>
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Mutual duties rights and liabilities of partners in the absence of partnership agreement
...ness of the firm to the greatest common advantage, to be just and faithful’ to each other and to render the true accounts and full information of alt things affecting the firm to any partner or his legal representative”. All the duties of partners arise from the principle of goods faith which is to be all and end all of a partnership. These duties as described n Section 9, 10, 12 and 13 of Par.... More >>
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Partnership distinguished from co ownership
...nsent of the other co-owners. 6. Right of Investment If a partner spends money far the business, he can demand its repayment. If a co-owner spends money for the improvement of the property, he has no legal claim (lien) for its refund. 7. Right of Division No partner can seek division of the partnership property in specie (in parts). His only right is to have a share of the profits or demand the pa.... More >>
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...ur petition is valid. The consular authorities have the right to extend your validity period.The USCIS Approval Notice on Form I-797 has the information about how long you are permitted to have a legal stay in the United States. Please note that this date always matches with the date in the I-94 card. If your application is rejected by USCIS, you will receive Form I-797C, where the receipt .... More >>
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Want to win mobile phones try online quiz contests
...choice queries can be answered easily by anyone who is aware of the general events happening around. The Rules Firstly, you must be above 18 years of age and secondly you shall not have any legal constraint that limits your participation in web-based quizzes. Apart from these basic obligations, every website has a different set of guidelines that every user must follow. So you must .... More >>
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...Meaning of exchange control.Broadly speaking, exchange control refers to a government’s inter in the foreign exchange market. In other words, it means legal restrictions on the business involving foreign exchange and its sale and purchase in the national market. It is government domination in the foreign exchange market. In the words of Haberler, “Exchange control is the state regulation exclu.... More >>
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...uestions raised. 15. ERROR DISCOVERED: The audit notebook provides information about the errors discovered during audit work. The management may rectify the mistakes to show time and fair view. 16. LEGAL REQUIRMENET: The audit notebook shows that management has followed the legal requirements for doing business. It may relate to books of accounts, labor laws, tax laws and similar other formaliti.... More >>
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Stages in development of money
...from the power of the state Fiat money is money because government says it is money It is not backed by promise to pay something of intrinsic value It is accepted because the government declares it a legal tender The creditors must accept it as a medium of exchange and as payments for debts.4. Credit MoneyAnother most important component of money supply is the deposit money or credit money Deposit.... More >>
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How to make a golf cart street legal by yourself
..., in gated communities, retirement homes and vacation properties or on family farms. And now if you just modify the cart, it also can be driven on roadways and designated pathways. Today these street legal golf carts also called Neighborhood Electric Vehicles have grown increasingly in popularity. The main difference between a regular golf cart and a NEV is that they usually seat four, are a littl.... More >>
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Easily find student home with gohaven
... searching for home for rent for a student there are some factors should be taken care of like proximity to college, easy access to city and peaceful environment, proximity to lodges and food courts. Legal process of renting home is also as much important. Security and peaceful environment is very necessary for student. This can be tiring task when admission process is going on as well as you ar.... More >>
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Problems before establishing a new business
...nd efficiency of the staff (10) Fulfillment of leg requirements An entrepreneur before starting a business has to fulfill the conditions and rules enforced by the state, if any the non fulfillment of legal requirement may send him to sail..... More >>
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Company promoters and their functions
...ower, labour, raw material, etc. etc.3. To find out suitable persons who are willing to act as first directors of the company and are ready to sign on the Memorandum of Association.4. To select bank, legal advisor, auditors, underwriters for the company.5. To prepare essential documents of the company6. To prepare draft of the Memorandum of Association, Articles of Association, Prospectus of the c.... More >>
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Importance of letter of credit
...t standing. Through the letter of credit, the exporter can establish his credit standing both on the importer and the buyer s bank by proper delivery of the merchandise and the shipping documents.(7) Legal right. The export letter of credit establishes legal right of getting payment of the goods exported to the foreign country.Advantages to importer.(8) Risk covered. The importer does not like to .... More >>
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Rights of a banker and duties of a banker towards the customer
.... The banker is to honor the cheques of the customers provided the cheques are:(i) Properly drawn.(ii) The customer has balances to his credit.(iii) The loan contract has been signed.(iv) There is no legal bar or restriction attaching to the customer’s funds. (2) Standing Orders. It is the duty of the bank to abide by the standing orders of the customers in making periodical payments on his beh.... More >>
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Special types of individual customers
...) Lunatic (iii) Drunkard (iv) Married Women (v) Purdah Observing Women and (vi) Illiterate persons. The relationships between the bank and the special type of individual customers are governed by the legal rules enforced in the country.(1) Minor:A person who has not attained the age of 18 years is a minor. A minor cannot enter into a contract. Therefore, any contract with minor is void.However, a .... More >>
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